Ok
All exhaust manufacturers claim they make more HP.
Some points: The loop ( snail pipe) is done to put pipe length in where their is little room usually, but in this case it is a styling exercise so people don't make comments like " I don't like the long pipe". See later. It also helps centralize weight , although as both the can and the pipe weigh stuff all, it would be a marginal improvement.
Power robbing: Have a look ate the MotoGp Honda V4's. The pipes from the rear cyls are a very similiar snail shape under the back seat. If it was power robbing they would not be doing it. The gas slug pretty much doesn't notice the bend unless it is too tight a radius.
Length: The MT07 is a ( relatively) low reving motor. The motor is designed for torque, not high end HP, so the cam timing will be somewhat shallow i am guessing. I don't know the last bit as fact, as I am still trying to find out exactly what the cam angles are. Haven't had the bike long enough to degree it. The lower the revs AND the shallower the cam timing for the exhaust, the longer the pipe has to be for tuned length. My completely off the top of the head guess for this bike is longer than 45inches ( about 114cm) valve to pipe end total length. That is way longer than the stock pipe or the pseudo OEM Akra. The Snail pipe carbon is probably a closer length to ideal. As usual it is a Yamaha style bit to make the bike look like a race bike ( which it isn't). MotoGp bike rev to a current limit is 17500 ( I think, blame wiki if it isn't) and deep valve timing, which make the tuned lengths VERY short so the "mufflers" end up more under the engine from the front cyl.
IMPORTANT NOTE: No two into one exhaust system will work for maximium obtainable power on this bike ( actually there is a way but you end up with a huge expansion box at the end of the pipes) . The cranks are at 90 (270)deg so the exhaust pulse will be exactly badly out of phase. Vtwins and offset cranks like the MT07 need 2 into 2 systems for optimium performance. And that just doesn't look cool nowdays..
On the road it won't matter much, but if I was racing one it would have a 2-2 if the rules allowed. If they didn't allow i, I would race one.